ICSE Class 10 Economics Syllabus

ICSE Class 10 Economics Syllabus is available here for students. They can go through the ICSE Class 10 Economics syllabus right at the beginning of the academic session and plan their studies accordingly. Referring to the syllabus will give a good understanding of the topics, paper pattern and assessment topics. Also, the 10th ICSE economics syllabus will work as a study guide while preparing for the Economics exam. Students can download the ICSE Class 10 Syllabus for Economics in pdf format from the link below.

(iv) Entrepreneur: meaning, functions and role of entrepreneur in economic development.

2. Theory of Demand and Supply

(i) Meaning and concept of Demand and Supply.

Law of demand and supply: demand and supply schedule and curve (both individual and market); movement and shift of the demand and supply curve; determinants of demand and supply; exceptions to the law of demand.

Meaning of demand and supply; the concept of Demand, types of demand and concept of supply to be explained (with examples).

A basic understanding of the law of demand and supply in which demand and supply schedules to be used to explain the demand and supply curves. The individual demand and supply curves must be distinguished from market demand and supply curves. Concept of movement and shift of Demand and Supply curves are to be explained. Determinants of demand and supply are to be specified. Exceptions to the law of demand are to be discussed.

(ii) Elasticity of demand and elasticity of supply: meaning, types, percentage method of measuring elasticity of demand and elasticity of supply, factors affecting elasticity of demand and supply.

The concept of price elasticity of demand and elasticity of supply are to be explained with percentage method. Factors affecting the elasticity of demand and supply are to be specified. (Numerical problems are not for testing).

3. Market

Meaning and types. Meaning of Market; Types of Markets: Perfect competition, Monopoly, Monopolistic Competition, Oligopoly – meaning with examples; a brief understanding of the features of the different types of markets along with differences.

4. Banking in India

(i) Money

A basic understanding of the inconvenience of the barter system and the evolution of money; legal definition of money; functions of money: medium of exchange, measure of value; standard of deferred payment, store of value.

Meaning. Functions of Central Bank: monopoly of Note issue; Bankers Bank; Banker, Agent and Advisor to the Government; Custodian of Foreign Exchange; Lender of the Last Resort: A brief understanding of the functions.

A brief understanding of: Public Distribution System (PDS); Bureau of Indian Standards (BIS); AGMARK, ECOMARK.

ICSE Class 10 Economics Internal Assessment

The minimum number of assignments: One project/assignment as prescribed by the teacher from the syllabus.

Suggested Assignments:

A visit to a local industrial unit and analyse the combination of the factors of production being used in the production process.

Survey 15 people from your neighbourhood about the type of taxes they pay. From your survey, conclude which type of tax is easier to pay and why.

Visit a nearby store. Select five items of regular consumption. Study the following: the impact of GST on these five products; how this has impacted the demand for these products; how it has benefitted the producer, consumer and the government.

We have also compiled the syllabus of all subjects at a single place. Students can access them easily by visiting the ICSE Class 10 Syllabus page. Download the BYJU’S App and fall in love with learning.